Michael Franc
Michael Franc
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Boomers always struck me as very self-centered and self-important, because there are so many of us. We're always in the middle of the next fun moment at some everlasting party, and we're not able to defer the gratification to tackle the long-term problems.
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Crises cause government to grow. The test today will be how much of the federal response occurs within the existing boxes or through innovative ways.
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What you have here is a unique opportunity where the entire infrastructure of a pretty big region was decimated -- both the social infrastructure and the economic one,
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What we have is a chance for Congress and president to take a really long hard look at 40 years of social welfare failure in that region and try to reverse that. You don't want to reconstitute the New Orleans school system the way it was. You don't want to reconstitute public housing projects the way they were. You want to change it.
aside surprised time
I would be surprised if there's not time set aside to tell that story.
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If these ideas are given a fair chance in New Orleans and the gulf area, ... their popularity and success will create a momentum for expanding them elsewhere.
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One of the assumptions is that it becomes increasingly difficult to get things done in an election year, especially things where tough decisions have to be made.
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My guess is this is not a time when anyone is looking at a zero-sum game between one state or another.
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This second round of tax cuts was probably the high point, domestically, of Bush's administration. No sooner were they put in place, then the GDP (gross domestic product) growth hit 4 percent and it's been there ever since.
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It's going to push some people who are at the margins of being able to afford it into the consumer category.
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They did a lot of tier-two issues that were important to certain constituencies but that, in and of themselves, were not of any great magnitude. It was not a year for, obviously, enactment or even action on tier-one issues.
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The extent to which he used the State of the Union to launch and define the 'ownership society' concept is important because if you take it to its natural extreme, the ownership society would essentially replace the 'Great Society. That's a major shift from where we've been.
attention year
There is a sense this year that anything is possible, that they have the rapt attention of the leadership.
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What they know is that the actual answers to increase supply or take down demand offer no quick fixes.